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Samsung Heavy Industries bags a KRW 1 trillion shipbuilding order

Logistic News - Published on Tue, 13 Feb 2018

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Samsung Heavy Industries Co. Ltd.("SHI") swept KRW 1 trillion worth orders, cruising to the yearly order target of USD 8.2 billion. SHI received the order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW, SHI said in a press release. The Neo-Panamax vessels are 334m in length and 48.4m in breadth, to be delievered by May 2021.

SHI believes the growth in seaborne trade and environmental regulations would lead to more commercial vessel newbuilding orders.

SHI's order total for 2018 reached KRW 1 trillion as of now, including another recent order for a LNGC at around KRW 210 billion, well on the way to the yearly order target.

SHI has outstanding track record in LNG carriers, containerships, as well as offshore facilities where SHI dominates the market since 2015. SHI will differentiate from competitors with classs leading risk management and market leadership in North Sea, West Africa, and Australia where new projects are underway.

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Posted By : Nanda Koijam on Tue, 13 Feb 2018
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